Thanks Daniel. I guess only the buyer and seller can set the price, and therefore the VAT? Or do HMRC maintain a list of s/hand photo gear?
I really doubt that they accept the buyer's and seller's valuation if they open a box and find something obviously under valued on the custom's declaration in it (ie. it has a much lower price on the custom's declaration that it is 'worth') my guess would be that they would have it 'valued' or revalue it themselves (they can probably use the web too!) and you'd have to argue/prove different! Not sure I'd want to go there.
I really doubt that they accept the buyer's and seller's valuation if they open a box and find something obviously under valued on the custom's declaration in it ....
A fair point indeed...Cheers Paul.
Simon
Customs can deem an item to have a higher value if they believe that it is "undervalued." It is not usually enforced but you might have to argue the point if you buy something more cheaply from abroad.
